Business, 08.11.2019 05:31 ellieflores8400
Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled 45 and estimated bad debt percentage is 1.5%. the allowance for uncollectible accounts had a credit balnce of 42000 at the beginning of 2018 and 4 after adjusting entries at the end 2018what is bad debt expense for 2018 as a percent of net credit sales?
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Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt...
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